Paradigm Tower Ventures Launches in Rwanda with IHS Acquisition
Paradigm Tower Ventures, a newly established platform focused on tower infrastructure in sub-Saharan Africa, has announced its first major move. The company has finalized the acquisition of IHS Rwanda Limited from IHS Holding Limited, marking a significant entry into the Rwandan telecommunications market. This acquisition, supported by a consortium of investors, positions Paradigm as a key player in the country’s growing digital landscape.
Rwandan Telecom Infrastructure Strengthened
The transaction, initially announced in May 2025, sees Paradigm assume ownership of roughly 1,467 tower sites across Rwanda. These towers are critical infrastructure, supporting the network connectivity that serves 5.3 million Rwandan citizens. This acquisition establishes Paradigm as the leading independent tower operator in Rwanda, furthering the development of the nation’s digital infrastructure. The investment is backed by a collaborative effort involving Convergence Partners, British International Investment, and Proparco. Rand Merchant Bank, a division of FirstRand Bank Limited, played a crucial role in the financing of the deal, acting as the mandated lead arranger, sole funder, and financial advisor to Paradigm Tower Ventures.
In conclusion, Paradigm’s acquisition of IHS Rwanda represents a significant step towards bolstering Rwanda’s telecommunications capabilities and reflects a growing trend of investment in African digital infrastructure. The move strengthens local capacity and supports the advancement of mobile network services throughout the country.
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